Le European stock exchanges close the day in green despite fears about the duty war and the alarm raised by the number one of the ECB, Christine Lagarde, according to which trade tensions could have serious repercussions on the global economy. Much of the credit goes to Germany, where the German government has found an agreement on investments and debt curbs. The stock markets are also being boosted by the news that United States should have managed to avoid the shutdown In this context, Frankfurt is flying (+2,11%), Milan closes at +1,73%. Other European markets are also rising.
In the meantime the peace talks on Ukraine, with Vladimir Putin who has opened up to a possible truce, provided it is "lasting", said the Russian president, setting six conditions. Pending developments, US introduces new sanctions on Russia which will hit oil, banks and gas.
Milan has been from Iveco, Leonardo, Telecom Italia, promoted by Kepler. Positive banks with the spotlight on Unicredit after that theThe ECB has given the long-awaited green light to the acquisition of a direct stake in Commerzbank up to 29,9%. The approval of the German Federal Competition Authority is now awaited. Remaining in the banking sector, investors' eyes are also on Bpm bank, which he received yesterday Consob's approval of the takeover bid for Anima, which will start on March 17. The profit taking on the other hand is striking Brunello Cucinelli, Snam and Terna, who presented this morning the new development plan 2025-2034.
It is also travelling upwards Wall Street, after yet another negative session, but above all the official entry of the S & P 500 in correction (-10,1% since February 19). The US stock market is being pushed by the news that the shutdown will be avoided. In China, instead, the wait is growing for the conference on Monday, during which measures to support consumption could be announced.
Moving on to other markets, today is the day ofgold hits new all-time high, exceeding 3 thousand dollars. The spread between BTPs and Bunds falls to 106 basis points from 114 points at the previous closing, with the yield on the Italian benchmark ten-year at 4,01%, theeuro is at 1,084 dollars, while among raw materials the price of Petroleum is traveling upwards with Brent above $70 a barrel and Wti above $67. Bitcoin is quoted at $83.169 (+0,28%). Finally, gas is stable at 42,1 euros.
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